Introduction for Insurance 

.What is insurance

    Insurance is an group or the public society thats giving an protection to the public against their financial lost caused by some autorism. Insurance defined as An economic institution based on the principle of mutuality, formed for the purpose of establishing a common fund, the need for which arises from chance accurrences of nature, whose probability can be fairly estimated (from The Pre Contract Examination For Insurance Agents).

.Function of Insurance

     In this section, the outline will be bout the function of Insurance,There is two types of function in Insurance.It is Primary Insurance and Secondary Insurance.The Primary function of insurance is about the equal of spreading of the financial problem of a few public has insured their insurance in some insurance company. After the the Primary function take place,then the secondary function automaticly start to accur. The Secondary function is about seven aspect.The first aspect is about Cost stabilization.It is about a Business company who avoid the importance of the freeze capital thorough the purchase of insurance to provide financial protection against loses.It mean it will manage the outcomes problem and stabilize he cost involved.The second aspect is Stimulated Business Enterprise.It is about the large scale commercial and industrial enterprises would not have started their business by the owner if the risk transfer mechanism never transfer their risk through insurance.

       The third aspect is about Remove Fear and Worries.It is all about the management of insurance will control or remove the fear and worries when the public or the individual or business executives loses or fails.It will help us to overcome the confidence level and makes us moves forward to the success by planning of the economic activities.The fourth aspect is about Reduction of Losses.It is all about the insurance will help us to reduce our problem and circumtance in both easy and hard ways.There will taken an action and recommendation in judging, marking, survey, inspection service and salvage.The fifth aspect is Means of Saving. It is about it give us function by saving our financial and avoid problem.It also can clasify as  an Endowment Insurance that has combined by increase and decrease the term of insurance.By combining this two features there will a single plan that provides or help to protect our saving to the insurannce.

      The sixth aspect of the Secondary function is Source of Capital For Investment.It is all about it will accumulate or manage the large fund or can stated as cost which they hold for custodian.It help us claim or money when there loses their money through other company or unlicensed insurance.By doing this the invester  can gain  an interest and extra money.,This mean that the local or public bank will invest our money(to earn interest) to help overall development in the bank, insurance company or economy.The seventh and the last aspect of the Secondary Function is Provides Employmnet  For Many.This all about in Malaysia there is several insurance industry has offer numerous employment or jobs opputunities.There will be offer jobs for example: claims handling, accounts, administration, electronic data processing, marketing, servicing investment and managerial activities.